New Enterprise Associates
Apax buys VC-backed IT developer GlobalLogic
Apax Partners is to acquire a majority stake in outsourced software product developer GlobalLogic (GL) in an all secondary deal. It has agreed to buyout existing investors WestBridge Capital, New Atlantic Ventures (NAV), New Enterprise Associates (NEA),...
Spreadtrum accepts sweetened Tsinghua Unigroup buyout offer
Spreadtrum Communications, a Chinese mobile chip manufacturer backed by New Enterprise Associates (NEA), is to be acquired by Tsinghua Unigroup after the buyer increased its offer. The merger - which will now go to a shareholder vote having received board...
Tsinghua University investment arm makes buyout offer for Spreadtrum
Spreadtrum Communications, a Chinese mobile chip manufacturer backed by NEA, has received a buyout offer from a unit of Tsinghua Holdings, an investment entity controlled by Beijing-based Tsinghua University. The offer values Spreadtrum at $1.35 billion.
Chinese IPOs in the US: Green shoots
Online retailer LightInTheBox is seeking to become only the third Chinese company to list in the US in more than a year. But has investor sentiment emerged from its long winter?
NEA names managing director for Asia
VC firm New Enterprise Associates (NEA) has appointed Carmen Chang as Asia partner and managing director. She is charged with enhancing the firm’s deal flow and brand in China and other Asian markets.
NEA, Headland-backed ValueFirst acquires mobile video service
ValueFirst Digital Media, a digital media company backed by Headland Capital Partners and New Enterprise Associates, has acquired clk2c.com, a unit of Samadhan Systems.
Healthy holidays: PE and medical tourism
Asia’s medical tourism sector is growing rapidly as visitors flock east for cheap surgical procedures. How big is the opportunity for private equity and where can it be found?
Goldman, NEA invest in India’s Nova Medical Centers
Goldman Sachs and New Enterprise Associates (NEA) have invested INR 3 billion ($54 million) in Nova Medical Centers, an Indian surgical care and fertility clinics company. The investments will be used to expand the company's specialty surgery and fertility...
NEA hires Carmen Chang as advisor
Venture capital firm New Enterprise Associates (NEA) has appointed Carmen Chang to the role of special senior advisor. Chang joins NEA from US law firm Wilson Sonsini Goodrich & Rosati (WSGR).
India’s Maini Global Aerospace gets $10m in PE funding
Maini Global Aerospace (MGA) has received a $10 million investment from a foreign private equity fund. The Indian company will use the funding to build a new factory and is already looking for an additional $50 million to further expand its capacity.
BNY Mellon appoints new Asia Pacific Chairman
BNY Mellon, the global asset manager and investment services provider – which includes private equity and hedge fund investments – has appointed Stephen Lackey as Chairman of its Asia Pacific operations, based in Hong Kong.
Headland, NEA in ValueFirst financing round
Headland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has committed INR 70 crore ($15.4 million) to Indian mobile messaging and communication firm ValueFirst Messaging Pvt. Ltd., with current investor New...
New Enterprise Associates beats competitors to invest $50 million in TutorVista
VC firm New Enterprise Associates (NEA) is set to invest $50 million in Indian education platform TutorVista Global, reportedly besting firms such as Baring Private Equity Asia, ICICI Venture, Multiples Alternative Asset Management, Standard Chartered...
New Enterprise Associates plan IPOs for China's Redbaby, Uni-Power
Two Chinese companies backed by US-based venture capital firm New Enterprise Associates (NEA) – digital retailer Red Baby and financial consulting firm Uni-Power – are set to make their public-market debuts next year.
“Big boys” battle it out in India
The mid-cap space is what makes Indian PE tick - even for larger firms
NEA, GTI invest India's Nova Medical
New Enterprise Associates and NYC-headquartered private equity firm GTI Group have invested $16 million in Series A funding for Nova Medical Centres, an Indian specialist surgical services provider based in Bangalore.
CalPERS places spotlight on placement
One not strictly Asia Pacific development that emerged lately – but one that certainly has implications for GPs here – is the latest wrinkle in the ongoing controversy over the relationship between California Public Employees' Retirement System (CalPERS)...
Venture bounces back – for some
Amid all the gloom and despondency over fundraising, especially in once-favored sectors like venture capital, it’s good to see an outsize success – especially when the firm in question is a long-time Asia investor.
NEA kicks the slump
New VC fund closes at c. $2.5 billion
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.